Strategic and Project Management Report: Risk, Team Dynamics Analysis

This report provides a comprehensive analysis of strategic and project management, focusing on risk assessment, team dynamics, and the factors that contribute to project success. It examines the different types of risks, including those associated with technology, communication, and team dynamics, and emphasizes the importance of timely risk management and analysis. The report explores the dynamics of team members, highlighting the significance of team spirit, collaboration, and cohesion in achieving project goals. It also addresses issues in project management, such as communication breakdowns, budget estimation challenges, and the non-assessment of long-term project benefits. The report further delves into academic theories related to project management, including the role of the project manager, the importance of planning, and the need for benefit realization. The report emphasizes the need for the project manager to have a good understanding of the different project requirements and also the need to develop the correct strategies to achieve the long term benefits of the project and for the correct formulation of the project. The report highlights the significance of cost-benefit analysis and the importance of considering future risks. The report also includes discussions on learning from project experiences, and the need to think strategically and dynamically to ensure project flexibility, scalability and overall success. It also includes the importance of project manager's role in planning and the need for the correct execution and planning of the project.

Strategic and project management

Response and strategy associated with the risk
The different types of risks include the different problems in handling of the latest technology
the right communication with the different types of problems in the working place and also the
overall communication problems between the different types of people working in the area. The
management of the organization have to timely organize the different types of risks and also
analyze the issues that are related with the overall the completion of the work associated with the
project.
Dynamics of the different team members
Future insights to the different projects
It is defined as the total team spirit of the different types of team members working in the project
and it also helps to upheld the position of the organization in terms to the different type of people
in the organization and help to create a improved working spirit as a team and also help in the
overall goal management o the organization in a more detailed way. It helps in the quick
completion of the project and also helps to complete the different types of objectives sand goals
for the different types of people associated with the organization in the assigned project.
Team dynamics as the spirit of team collaboration and team cohesion worked for the project and
its success. It is because the trust of the team members in the fellow resources was maintained
which led to the avoidance of conflicts and disputes during the project tasks and activities. The
management also made sure that there were team meetings and interactive sessions organized as
communication tools so that the team members could be made aware about all the project-related
information at all times.
Management and team dynamics

The overall dynamics of the team worked well and it helped in the overall collaboration and team
bonding in the project which also lead to the achievement of the different goals of the
organization in the future. It also helped to undertake the different types of participation of the
different types of the members that are associated with the different types of team members in
the management of the team and hp in the building of the team on a whole.
Team composition
Positives and negatives about the project
The negatives about the project are that there was a lack of communication between the different
team members and the labors working in the project. There was also a fault or difficulty in
estimating the total budget for the project that also influenced the difficulty of the project and
delay the project due to the several issues that also helped in the development of the project and
also further delay the working of the project in the future time. The positives about the project is
that the management of the project have made a strict management of the different6 training and
interactive sessions to the different types of the pwole wrlig in the project to help in the
completion of the project in a successful way in the future aspects.
Issues in project management
The major or concerns for the different types of issues involved in the project include the
dissatisfaction in the long term communication in the organization.
It is very useful in maintaining the successful wok with the project that also affects the overall
working of the project and it also helps in the overall working or brings the right success to the
future of the project.
Project Manager is often provided with the responsibility of managing and assuring the
deliverables for the client. However, there are other resources that shall also be involved for the
task. Similarly, the long-term benefits of the project are not assessed and it is declared as success
when the immediate deliveries are made. These project issues are relevant as there are projects
that are marked as successful but do not provide the expected benefits.

It is very much necessary for achieving the necessary objectives of the project to help in the
correct formulation of the project for maintaining the correct guidlines of the project and also
help in determining the necessary goals of the project in the future.
Theory related to academics
Academic theory
It is the principle that states that the projects shall be managed on the overall completion of
planning of the exact procedures for determining the exact planning process in the organization.
There are various resources that are associated with the project and each of these resources is
assigned with a specific responsibility. One such role that is laid with utmost responsibility in the
project is that of the Project Manager. The Project Manager is considered as the most significant
resource for the projects that are managed using PMBoK methodology.
It also requires the correct delivery of the required project on time and also help in the correct
utilization of the different types of techniques involved with the completion of the project It is
very much required for the different responsibilities of the manager in the project. It also helps
to identify the correct needs of the different topes of the project associated with the project
manager and also helps to chalk out the future requirements of the different types of the
customers in the market.
There are certain elements, such as the project deliverables demand inputs and validations from
the other resources in the project team as well. This will assist in the process of project benefit
management and benefit realization
Each of these stages defined under the methodology have certain deliverables that shall be made
provided for th entire success of the project. There are also varied resources that are associated in
the projects that are managed using above methodology. One of the roles that are common in
this methodology and the previous one is that of the Project Manager. The set of responsibilities;
however vary from PRINCE2 to PMBoK methodology. In. The tasks of project planning,

monitoring, control, scope management, risk management, stakeholder management, and
management of the other knowledge areas to the working manager in the project.
It brings up the problem of benefit realization as the Project Manager may or may not have the
capability to understand the effectiveness of the deliverable. The manager shall be responsible
for overlooking and managing the project resources, requirements, stakeholders, and other
components. The manager shall also be involved in the process of ensuring that the expectations
of the client are met by verifying the deliverables. However, the verification and validation in
this case will be restricted to the time and budget constraints applicable on every deliverable. For
example, in case of a project requiring development and implementation of a web site for a
financial services firm, one of the deliverable will be the website prototype. The Project Manager
will be able to make sure that the same is delivered to the client on time and within the budget
specified in the planning phase. However, the Project Manager may not be able to validate the
effectiveness of the same. There may be certain Project Managers with technical skills and
abilities to identify the correctness of the website prototype; however a majority of them may not
have the in-depth knowledge on the contents that should have been present on the basis of the
client expectations. The only way of verifying the same would be the feedback and comments
from the other technical resources present in the project team.
As a result, it would be possible to avoid this issue and the benefits will be realized in a better
way.
The management has to be in touch with the different types of the objectives of the project that
also helps in the overall achievement of the project in details in the future aspects of the
completion of the project in the future.
Learnings
It is the duty of the manager in monitoring all works related to development of the project and
also to help in the assisting of the project and make all the necessary functions related to the
success of the project in the future. It is t he duty of the project manager to delivery the right
values and also help in achievement of the project. It is necessary that the assigned manager of

the project has also made specialization in obtaining the different types of skills in creative
thinking, analytical thinking, develop the right communication with the different members of the
project and also help in the assisting of the project and it also help in the completing of the
project at the right time to the different assigned members of the project in time.
Non-Assessment of Long-Term Project Benefits
Theory related to academics
. The essential factors associated with the finishing of project includes timely delivery of the
project and also arranging the overall schedule of the project on time to help in the correct
development of the project in the future.
It is very much essential to plan for the benefit of achieving the long term benefit for the project
and also helps in achieving the overall objectives of the project by making or strategising the
correct and necessary objectives that helps in the correct guidance of the project and also helps to
finalise the variables of the project in the future. It is a dynamic and quantitative methodology
that makes sure that the project is flexible and scalable and that its goals are met. The execution
of the management activities are done in the form of the sprints wherein the overall project
requirements are broken down in smaller sets to help in success for project in future.
This modern procedure is different from the traditional approaches method which helps to
formulate correct formulation of the project. It is very much essential to think or make strategies

according to the development of the project and help to build an infrastructure for the necessary
success of an project .It also helps to make or finalises strategies across the different objectives
of the project to help in the correct approval of the project for a longer time in the future.
Own theory
It also consist of different type of cost evaluation techniques that includes the different types of
cost estimation, building , calculation and also the correct projection of the total cost for the
future of the project. It also includes the risk management, communication management and the
stake management that helps to build a long term project in the future.
It is required for the project management to make sure that he strategies followed in the
completion o f a project are achieved and long-term benefits of the project are also met along
with the achievement of short-term goal for the project.
It is done by the correct execution and planning of the project which also helps to build a long
term project that also helps in the correct utilization of all the necessary strategies required for
the correct achievement of the different types of the objectives of the different projects in the
future.
There are also different types of considerations in the project that includes the security
considerations and also planning the correct or the necessary actions for helping in the correct
achievement of the project in the future and build a stronger project in the future. It also requires
of formulating a strong strategy for determining the correct objective of the project that helps in
the building of the necessary objectives for the assigned project.
The cost-benefit analysis is one such scheme that is followed to determine the future benefits
associated with a project. It is necessary to include more such schemes so that the project benefit
realization and management may be achieved. It would also be necessary to make sure that the
future risks and attacks are targeted upon so that the users may not face any trouble in the years

to come. The post-maintenance and support activities in a project never end and other
management resources to make sure that the required activities are carried out in the future time.
The different types of long term activities helps in the formation of building the correct
objectives and also helps in the formulation of the necessary objectives for making the future of
project more secure and also helps in successful procedure followed in a project.It would assist
in the process of benefit realization and will also provide newer mechanisms and measures that
may be used in project benefit management.
Learnings
The research in the project benefit area is a very new and complex topic or area that helps to
evaluate the right perquisites necessary for the completion of the project and also help in the
correct formulation of the project in the future. It is a diverse area in which all the benefits of the
project are discussed in details to decide the final outcome of the project and also to help in the
final planning of the project in a more successful way.
It is often seen that the projects are declared as successful if they meet the objectives of
delivering the due deliverables to the clients as per the determined schedule, cost, and quality
constraints. These project issues are relevant as there are projects that are marked as successful
but do not provide the expected benefits. It is necessary to include more schemes like cost
benefit analysis so that the projects benefit realization and management may be achieved. It
would also be necessary to make sure that the future risks and attacks are targeted upon so that
the users may not face any trouble in the years to come in a project and help to determine
necessary strategies for correct formulation of different types of strategies for adoption of
strategies for future success of project. It helps to evaluate correct factors for determining correct
or necessary prequisituies for formulating necessary objectives of a project in future
circumstances in a project. It helps to determine success factors involved in a project for
achieving long term goals in a project.

The different types of issues related with the successful completion of the project also helps in
framing the right strategies for helping in the rut achievement of the different types of objectives
for the future of the project and also helps in obtaining the right objectives of the project.

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